Menomonee Falls is located in a good market for 5+ unit multifamily loans. Multifamily loans in Menomonee Falls are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Menomonee Falls are competitive. Menomonee Falls apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Menomonee Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Menomonee Falls are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Menomonee Falls.
The city of Menomonee Falls in Waukesha County has a population of 38,014. The median rent in Waukesha County for a 2 bedroom is $1,033. The median Menomonee Falls resident is 43 years old with a yearly income of $41,026. The average family has 3.03 members and a median household income of $82,396. Menomonee Falls has a 45% higher education rate. The unemployment rate in Menomonee Falls is 2.9%.
25% of Menomonee Falls households are renters.
29.7% median household income spent on rent.
Bedrooms |
Waukesha County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $704 | $595 | $737 |
| 1 bedroom | $853 | $668 | $813 |
| 2 bedroom | $1,033 | $856 | $1,015 |
| 3 bedroom | $1,319 | $1,127 | $1,325 |
| 4 bedroom | $1,446 | $1,256 | $1,521 |
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